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IVP Limited : Historical Milestones
1987 - The Company issued 2,33,540 No. of equity shares of Rs 10 each at
a premium of Rs 10 per share as follows: 1,01,640 shares on
rights basis to the existing shareholders of the Company in the
ratio 1:20; 1,20,000 shares to financial institutions (UTI), LIC
and GIC) and 11,900 shares to employees/workers. 28,385
additional shares were also issued at a premium of Rs 10 per
shares to retain oversubscription and allotted as follows: 25,410
shares to shareholders and 2,975 shares to employees.
- The Company proposed to issue equity shares/convertible debentures upto a maximum of Rs 30 crores on a rights-cum-public basis subject to all necessary approvals.
- The Company proposed to issue 68,84,175 bonus equity shares in proportion 1:1.
- 2,61,925 Bonus Equity shares issued (Prem. Rs. 10 per share) in June 1987.
1988 - (15 months) the Company entered into a collaboration agreement with M/s. Industries Magneti Marelli Sp. A of Italy for manufacture of improved types of spark plugs. Also approval was received for technical collaboration, agreement with M/s London & Scandinavian Metallurgical Co Ltd UK for updating its technology in its steel plants.
- It would also enable updating of its ingot casting products such as hot topping tiles, corner pieces etc. and introduce latest products such as Tundish liners, impact pads etc.
1989 - 22,94,725 Bonus Equity shares issued in prop. 1:1.
1991 - The Company had undertaken expansion and modernisation of its industrial ceramics and industrial chemicals division.
- 22,94,725 Bonus Equity share issued in prop. 1:2.
1992 - The Company entered into two technical collaborations for high alumina ceramics with Cerasiv GmbH, Germany, one for the manufacture of high alumina faucet discs, an import substitute item and the second for upgrading and increasing the product range of industrial ceramics division.
1996 - 34,42,088 Bonus shares issued in prop. 1:2.
2001 - Mr. S.N. Bhatri has been appointed Director on the board effective from 29th January.
2002-Mr Shiraz Abdul Razak Allana has been appointed as a Director on the Board of IVP Ltd wef June 18, 2002.
2007-Mr. A.R.J. Allana, the chairman of the Company, announced his retirement due to health reasons
2007-Mr. Shiraz Allana, a businessman having vast experience in Global Trading and Food Processing has been elected as Chairman of IVP Limited
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